FDM Group (LON:FDM) Shares Cross Above 50 Day Moving Average – Time to Sell?

by · The Cerbat Gem

FDM Group (Holdings) plc (LON:FDM – Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 132.34 and traded as high as GBX 141.40. FDM Group shares last traded at GBX 136.99, with a volume of 224,692 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FDM shares. Deutsche Bank Aktiengesellschaft reduced their target price on FDM Group from GBX 275 to GBX 145 and set a “hold” rating for the company in a report on Thursday, August 7th. Shore Capital restated a “house stock” rating on shares of FDM Group in a research report on Tuesday, November 11th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, FDM Group presently has an average rating of “Hold” and a consensus target price of GBX 145.

Check Out Our Latest Research Report on FDM Group

FDM Group Stock Performance

The firm has a market capitalization of £152.01 million, a PE ratio of 9.87 and a beta of 0.97. The company has a quick ratio of 2.24, a current ratio of 2.31 and a debt-to-equity ratio of 28.75. The company has a 50-day moving average of GBX 132.34 and a 200 day moving average of GBX 164.62.

Insider Activity

In other FDM Group news, insider Sheila Flavell acquired 801 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was bought at an average price of GBX 125 per share, with a total value of £1,001.25. Also, insider Michael (Mike) McLaren acquired 400 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The stock was bought at an average price of GBX 125 per share, for a total transaction of £500. 17.78% of the stock is currently owned by insiders.

FDM Group Company Profile

(Get Free Report)

FDM Group (Holdings) plc provides information technology (IT) services in the United Kingdom, North America, Europe, the Middle East, Africa, rest of Europe, and the Asia Pacific. It is involved in recruiting, training, and deploying its IT and business consultants to clients. The company was formerly known as Astra Topco Limited and changed its name to FDM Group (Holdings) plc.

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